Rithm: Q4 Financial Results Overview

Rithm Capital Announces Fourth-Quarter Financial Results

Rithm Capital, headquartered in New York, revealed on Tuesday that it earned $85 million during the fourth quarter.

The company reported a net income of $0.09 per share. After excluding one-time expenses, adjusted earnings reached $0.74 per share.

These figures surpassed analysts’ expectations, as the consensus from three Zacks Investment Research analysts had projected earnings of $0.55 per share.

During the quarter, the real estate investment trust generated $1.29 billion in revenue, also beating the anticipated $1.26 billion forecasted by analysts.

For the full year, Rithm Capital posted a profit of $681.4 million, or $1.04 per share, with total revenue amounting to $4.59 billion.